Payments: Artificial Intelligence
Commons · Question 25988 · Tabled 1 Sep 2026 · Treasury · Official record
Answered 4 Sep 2026
Question
Asked by Bob Blackman
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential effect of agent-initiated payments on the volume of low-value, high-frequency transactions and on the capacity of UK payment systems to process them.
Answer
Answered by Lucy Rigby, 4 Sep 2026
Payments are a fundamental component of a thriving financial sector, and the Government wants the UK to be at the forefront of the safe development of agentic payments. The Government’s National Payments Vision is for a trusted, world-leading payments eco...